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Axita Cotton Buyback 2023 vs Indiamart Intermesh Buyback 2023

Comparision between Axita Cotton Buyback 2023 and Indiamart Intermesh Buyback 2023.

Buyback Details

Axita Cotton Buyback 2023 is a Tender Offer buyback proposed to list at BSE, NSE while Indiamart Intermesh Buyback 2023 is a Tender Offer proposed to list at BSE, NSE.

  Axita Cotton Limited Indiamart Intermesh Limited
Logo Axita Cotton Buyback 2023 Logo Indiamart Intermesh Buyback 2023 Logo
Type of Buyback Tender Offer Tender Offer
Listing At BSE, NSE BSE, NSE
Face Value ₹1 per share ₹10 per share
Buyback Price ₹56 per share ₹4000 per share
Issue Size 9,00,000 shares 12,50,000 shares
Issue Size (Amount) ₹5.04 Crores ₹500.00 Crores
Buyback Ratio
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders7 Equity Shares out of every 85 Fully paid-up Equity Shares held on the Record Date.187,500.00
General Category for all other Eligible Shareholders1 Equity Shares out of every 55 Fully paid-up Equity Shares held on the Record Date.1,062,500.00
Registrar Skyline Financial Services Private Ltd Link Intime India Private Ltd
Lead Managers Beeline Capital Advisors Pvt Ltd Nuvama Wealth Management Limited
Necessity of the buyback

The buyback is a capital allocation decision taken by the company. The buyback will help the company to distribute a part of the surplus cash to its shareholders holding Equity Shares thereby, optimizing returns to the shareholders and enhancing the overall shareholders' value in the longer term, and improving the return on equity.

The Buyback is being undertaken for the following reasons:

  • Taking into account the operational and strategic cash requirements of the Company in the medium term (including investment in growth plans and associated capital expenditure) and cash reserves, the Company considers appropriate to return surplus funds to the shareholders in an effective and efficient manner. Further, the Buyback will promote capital efficiency and thereby increasing shareholders' value and improving return on equity.
  • The Buyback gives an option to the Eligible Shareholders (as defined below) to either (A) participate in the Buyback and receive cash in lieu of their Equity Shares which are accepted under the Buyback, or (B) not to participate in the Buyback and get a resultant increase in their percentage shareholding in the Company post the Buyback, without additional investment.

Buyback Timetable

Axita Cotton Buyback 2023 and Indiamart Intermesh Buyback 2023 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Axita Cotton Buyback 2023 Buyback record date is Jun 02, 2023. Indiamart Intermesh Buyback 2023 Buyback record date is Aug 25, 2023.

  Axita Cotton Limited Indiamart Intermesh Limited
Record Date Jun 02, 2023 Aug 25, 2023
Offer Open Date Jun 08, 2023 Aug 31, 2023
Offer Closure Date Jun 14, 2023 Sep 06, 2023
Last date for receipt of tender forms Jun 14, 2023 Sep 06, 2023
Finalisation of buyback Jun 21, 2023 Sep 12, 2023
Last Date for settlment of bids Jun 21, 2023 Sep 13, 2023
Last Date for extinguishment of shares Jul 03, 2023 Sep 25, 2023

Financial Details and Other Relevent Information

Comparison of Axita Cotton Buyback 2023 and Indiamart Intermesh Buyback 2023 financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

  Axita Cotton Limited Indiamart Intermesh Limited
Financial
Axita Cotton Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet Worth
31-Mar-21107.23618.943.7321.82
31-Mar-22109.10830.4615.4136.26
31-Mar-23557.6217.0452.37
Amount in ₹ Crore
Indiamart Intermesh Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-222,948.85865.68297.62
31-Mar-233,444.631,165.93283.83
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Apr-2023 83.00 55.96 71.62
Mar-2023 58.43 50.60 52.35
Feb-2023 69.60 50.05 61.89

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2023 3205.00 2612.65 2885.62
Jun-2023 5965.00 2783.55 4774.53
May-2023 6101.00 5331.70 5736.02
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2023 3335.55 2611.40 2886.08
Jun-2023 5969.00 2781.65 4774.59
May-2023 6097.00 5327.05 5736.63

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